Business and investment companies in North Cyprus

In today’s era, business and having a successful brand is the main factor for success in life. But how do you think you can have an authentic brand or business? Or what businesses in which countries have very good returns? Today, in developed countries, there are different types of companies and businesses that are considered a type of investment. But in this article, we are going to mention one of the fastest growing countries in Asia, that is, North Cyprus.

Business and investment companies in North Cyprus are in different categories. In fact, each company is placed in different categories depending on its type of operation. But what is important for us is to understand how the growth of the financial markets of this country has been and how its economic wheel has started, considering the business and investment companies in North Cyprus.

You might be interested to know that North Cyprus, despite its small area, is one of the best countries in Asia. So much so that living in North Cyprus is a big change in life for many people. Since many people are interested in living in North Cyprus today, we are also going to review the business and investment companies in North Cyprus in this article and learn about the general life situation in this country…

The economic past of Northern Cyprus

Before talking about business and investment companies in North Cyprus, it is not bad to have a look at the economic history of this country. In the past, Cyprus did not enjoy good conditions. In fact, due to various events that happened in this country, the economic conditions and even the routine of people’s lives were messed up. In such a way that there were no minimum living facilities in the cities of Northern Cyprus and people had difficult conditions to live.

In such a situation, the economic situation is certainly not very good. At that time, most people didn’t have much cash and had to endure a lot of hardships to meet their needs. But over time and the good ideas implemented by the government of this country, the living conditions in Northern Cyprus became much better. Over time, new jobs and businesses were established and developed in this country.

Just when new businesses were launched in this country, citizens were able to work in those companies according to their skills and abilities. With the passage of time, the business and economy of Northern Cyprus prospered and reached a situation where many people became interested in living in this country.

Business companies in Northern Cyprus

Business and investment companies in North Cyprus

In all countries of the world, there are various commercial and investment companies that play an essential role in the country’s economy. The procedure is the same in Cyprus. In fact, commercial and investment companies in North Cyprus have played an important role in the economic prosperity of this country. In this section, we mention these trading and investment companies in North Cyprus:

International companies

You have probably heard about international universities, or international companies, these companies are established outside the territory of Cyprus. But since they operate all over the world, they have established a part of their agency in North Cyprus. These companies operate in Northern Cyprus under the symbol (IBC). Also, things like employees’ provident fund share, insurance premium and income tax are reviewed in these companies.

In general, the nature of international companies is that they operate in developing countries that can help their economic prosperity. Of course, on the other hand, by donating agencies to different countries, it also increases its customers. In fact, in a double profit game, they will both help the economy of small countries and enjoy a good profit.

Free Zone Company

Free Zone Companies is another trading and investment company in North Cyprus. Of course, the work routine and activities of these countries are slightly different. These companies are established in the Free Zone of Northern Cyprus and do not pay taxes, but because they employ many people and increase their liquidity by paying them, it can be said that they have a good impact on the economic growth of Northern Cyprus.

These companies may not be as influential as other commercial and investment companies in North Cyprus, but in general, they improve the conditions for life by improving the income of employees and providing them with insurance premiums.

Sole traders company

Sole traders are the best and most attractive type of business and investment companies in North Cyprus. Because in this type of companies, any person, whether native or immigrant, can start a new company in this country. Of course, there are rules and regulations for setting up a new company that individuals must fully comply with, but in general, sole trader companies play a more fundamental role among all business and investment companies in North Cyprus.

In this type of company, business owners can hire a certain number of people depending on their rules and regulations and provide good conditions for their work. According to the performance of these companies, working conditions in North Cyprus have improved a lot.

Partnership companies

In the previous section, we mentioned that a person can establish a new company alone in North Cyprus, but the interesting thing about establishing a company in Cyprus is that several people can be the founder of a successful business company as a group. . In fact, these people can be shareholders in the established company according to the amount of capital they have. In addition, they must pay their taxes to the North Cyprus government personally based on the amount of shares they have.

Investment companies in Northern Cyprus

The best businesses in Northern Cyprus

So far, we have mentioned all kinds of business and investment companies in North Cyprus. But now it’s time to talk about the best trades and their impact on the financial markets. There are many businesses in North Cyprus, from investing in the financial markets by buying securities, to buying and selling property and even participating in financial projects, all of them are a type of business. Maybe a person has not registered a particular company or brand, but the fact that he has performed economic activities in this country and increased liquidity, it can be said that he has had a good impact on the economy of Cyprus.

But if we want to introduce the best businesses in North Cyprus, we must first mention the home business. Buying property in North Cyprus is one of the best ways to do business and even get residency in this country. Because currently the price of a house in North Cyprus is very reasonable and people can buy a good house or apartment in this country at a reasonable cost. They can also sell it after some time and make a profit.

Investment practices in North Cyprus are very different. Sometimes this investment is done in financial markets and sometimes in commercial and real estate markets. But since a large number of immigrants have chosen Cyprus to live in recent years, more houses are needed in this country. So construction business can be one of the most profitable businesses in North Cyprus. In addition to buying a house, it is also profitable for its owners.

Necessary conditions for establishing a business in Northern Cyprus

As we mentioned in the previous sections, anyone can start a new business in North Cyprus with the necessary conditions. In this section, we will mention the necessary conditions for establishing a new business:

Creating a suitable name for your business company in North Cyprus based on conditions approved by the Ministry of Labor.
Drafting the company’s articles of association and recording and entering the rules and regulations that the company and employees are required to follow.
Completing the desired form by a lawyer and performing administrative procedures for company registration.
Payment of the cost by the financial investor to register the company, buy the necessary equipment and rent the desired place.
Specifying a real address for the location of the company and recording all its information.
Opening a bank account for investing and transferring money and capital or registering with the Ministry of Labor.
Receive tax code in North Cyprus along with insurance code based on business information and company brand.
Providing identity documents and proof of owning a particular business or brand in the country where they previously lived (if available)
A look at the impact of business and investment companies in the Cyprus economy

Now that we know all the facts and information available about business and investment companies in Cyprus, let’s check the effectiveness of these companies. Certainly, no country can have economic growth without the existence of commercial companies and investment in them, especially a country like Northern Cyprus, which has faced many shortcomings.

In recent years, with the improvement of living conditions in Cyprus, many people became interested in living in this country. Since the government of this country needed many immigrants and investors for growth and development, it approved relatively easy conditions for the immigration of individuals. It is for this reason that migration to North Cyprus through work and even other methods has been very popular.

Over time, just as more immigrants traveled to Cyprus, the attention of investors was also drawn to this country. They became interested in investing in North Cyprus after seeing the prosperity of the financial and real estate markets of this country. With the passage of time and in the conditions that each of the financial and real estate markets of Cyprus had good conditions, starting a new business or company had a very significant benefit for investors.

In this way, individuals by setting up new businesses or investing in North Cyprus business companies, both benefited greatly and contributed to the economic growth of Cyprus. Even many business and investment companies in North Cyprus, by investing in financial projects, both help the growth of other projects and use the profits of the projects themselves. This process can be seen as a double benefit game…

New businesses in North Cyprus

Conclusion

Business and investment companies in North Cyprus play an important role in the country’s economy. This is the reason why the government of Cyprus supports these companies a lot. Currently, the general situation of business and investment companies in North Cyprus is such that many immigrants and even natives of Cyprus are interested in working and investing in these companies. This process has made many economists to introduce North Cyprus as one of the most promising countries in Asia.

Now, if you are interested in starting a business or even participating in business and investment companies in North Cyprus, you can contact our consultants at Zahouriyan Company. Our consultants will help you get the best information in the field of business and investment in North Cyprus.